The DeGen Bible to Financial Freedom - Vol. 18
![The DeGen Bible to Financial Freedom - Vol. 18](/content/images/size/w2000/2023/02/ST18.jpg)
Week 14 Jan - 27 Jan 2023
Is the bottom in? Yeah yeah nah yeah nah nah yeah nah - Mars Captain
🧠 Observations
- Rumors about institutional buying causing the small pump in the last 10 days. (Or just pump and dump?) 🤡
- Good indicator that stables MKT cap dropping. With Ethereum ShangHai upgrade upcoming in March 🎉
💵 Stablecoin & Market Landscape
Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 12.8% of stablecoin (138B) on 1.07T crypto market. Flattening trend continues
Reminder: Mid-NOV 2021, this percentage was around 4ish% with a 3T total MC. Now we are at 15ish% with a 1ishT total MC.
- Now at 1.07T. Re-bounced a bit, struggling in the 1T level in the last 10days. 😳
Reminder: June 2022 witnessed a bottom of 800ish B MC vis-a-vis the market’s top in NOV 2021 at 3T.
![](https://news.starfish.finance/content/images/2023/02/Screenshot-2023-02-03-at-1.56.02-PM.png)
- What can we say? LUNA king has fallen. But indeed, we shouldn’t give up pursuing on this path. After all, what is money? USD? JPY? EUR? CNY? 🤔
- Zoom out, AAVE has been super performing without any problem, any hack since the eclipse of LUNA, followed by Celsius, 3 Arrows and FTX. Why do people seek centralised regulation when you see things are better without a manager? 👹
![](https://news.starfish.finance/content/images/2023/02/Screenshot-2023-02-03-at-1.58.25-PM.png)
- I will leave the link here for you to navigate. Long story short, it’s a total shit play. 💩
🔢 Index
Bitcoin Fear and Greed Index is 51 - Neutral
— Bitcoin Fear and Greed Index (@BitcoinFear) January 31, 2023
Current price: $22,909 pic.twitter.com/zPWYwJJCpY
- Normally, it might be time to sell when it hits green. No comment and no confidence that this is sustainable. 🟥
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) January 31, 2023
https://t.co/YpDBHLshNn
𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄 𝐒𝐂𝐎𝐑𝐄: 1️⃣5️⃣
🗓 Jan 31st, 2023
The price of #Bitcoin is $22,887 pic.twitter.com/gYaCNhDZXY
- Small pump to 15, still very low. 😒
📰 Current affairs
Starfish Finance:
![](https://www.coindesk.com/resizer/HLIBFqNSDDZBk7FUcJkHYqL2FnM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PYAQCNBT5EPZK7VRYVEV3PH3Y.jpg)
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lMTNkZWJkYWFiY2ViMzgyZmVkZmZlMTYwYzhhOWRmMi5qcGc=.jpg)
Bitcoin:
![](https://boxmining.com/wp-content/uploads/2023/01/Chinese-New-Year-Bitcoin-dump.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/01/Decrypt-Wallpaper-Format-1-gID_6.png@png)
Ethereum:
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2021/03/Webp.net-resizeimage37-gID_1.jpg@png)
Layer 1s & DeFi:
![](https://www.tbstat.com/wp/uploads/2020/05/20200526_Polkadot_2-Daily-1200x675.png)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/01/1inch-Hardware-Wallet-gID_1.jpg@png)
![](https://www.tbstat.com/wp/uploads/2023/01/20230117_Stargate_Metis-1200x675.jpg)
![](https://www.coindesk.com/resizer/r69wrmnjCm9BdVvTlZRxKeC5mg8=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AK2Q4IABEJHF5KZUQMAXHCLRYI.jpg)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/01/20231437/PAXOSMKR.jpg)
![](https://www.coindesk.com/resizer/h2vIc8OrCKUnyv1gMKwx94EiTKM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YQQVLGMLYRF3ZHR4CV5U34RWYE.jpg)
![](https://www.tbstat.com/wp/uploads/2021/08/20210818_War_On_Stablecoins-1200x675.jpg)
![](https://www.coindesk.com/resizer/jOVwwym1MEXj22TuOyEq-ckMDQs=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ODF7CTDGOVA7HDQ7JRL7ZKAH3A.jpg)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/01/20231437/PAXOSMKR.jpg)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/01/20070039/Centrifuge.jpg)
![](https://www.tbstat.com/wp/uploads/2021/12/20211208_SushiSwap-1200x675.jpg)
NFTs & Metaverse:
![](https://www.tbstat.com/wp/uploads/2022/09/20220921_Azuki-1200x675.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/01/doodles2-gID_4.jpeg@png)
Macro Economy & Regulations:
![](https://i.guim.co.uk/img/media/7d9265695c03a8b29398ac97728321528662d170/0_41_3500_2100/master/3500.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=81bd84ee798f3582581adbd61fbae898)
![](https://www.tbstat.com/wp/uploads/2020/06/20200629_Coinflex_Daily-1200x675.jpg)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/01/17155405/StMoritzFt.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2022/11/Genesis-Trading-Down-shutterstock_2227571015-16x9-1-gID_2.jpg@png)
![](https://crypto.news/app/uploads/2022/12/Exchange-generic-3.jpg)
![](https://www.coindesk.com/resizer/3mhcZuWYUIMbO8a35ji4979WqMM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CI4RKWLAMJAQNCTYLRFHEZNU4M.jpg)
![](https://s3.cointelegraph.com/uploads/2023-01/11208d67-279b-4f47-8225-2125b574769e.jpg)
![](https://www.coindesk.com/resizer/hYN6y_Q3X0P1cW8pfPcZ326Ec6Q=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7LEKG6OW45DSDANJLVHRO4IRNE.jpg)
Interesting Tweets:
1/49 Many have asked questions about my time at FTX US and why I left when I did. As I indicated earlier this week, I’m happy to begin sharing my experiences and perspective publicly.
— Brett Harrison (@BrettHarrison88) January 14, 2023
Research reports/videos (DYOR) :
![](https://mirror-media.imgix.net/nft/veY3TCZJIBKCpDqOaKjy-.png?h=null&w=null&auto=compress)
![](https://outlierventures.io/wp-content/uploads/2023/01/NFT-Thumbnail.jpeg)